§6033 Prohibition against indirect financing of Cuba

Summary

United States citizens, green-card holders, and U.S. government agencies must not knowingly lend money, give credit, or otherwise pay for deals that use property in Cuba taken from a U.S. citizen and claimed as of March 12, 1996. The only exception is when the U.S. citizen who holds the claim provides the financing for a transaction that U.S. law allows. The President can pause this ban if he finds a transition government is in power in Cuba under section 6063(c)(1). The ban ends when the U.S. economic embargo of Cuba ends as set in section 6064. Breaking the rule can bring civil penalties under the Cuban Assets Control Regulations (part 515 of title 31, Code of Federal Regulations). Definitions: "permanent resident alien" means someone lawfully admitted for permanent U.S. residence. "United States agency" has the meaning given to "agency" in section 551(1) of title 5.